Is the foreign government an integral part of a foreign sovereign (see Definitions)?

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(If “Yes,” go to question 4. If “No,” answer question 1b.)

b

Is the foreign government a controlled entity of a foreign sovereign (see Definitions)?

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(If “Yes,” answer question 2a. If “No,” go to question 7a.)

2

a

Is the controlled entity a foreign central bank of issue (see Definitions)?

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(If “Yes,” answer question 2b. If “No,” go to question 3.)

b

Is the foreign central bank of issue engaged in commercial activities within the United States?

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□

(If “Yes,” answer question 7a. If “No,” go to question 4.)

3

Is the controlled entity engaged in commercial activities anywhere in the world?

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(If “Yes,” income is not exempt from tax under section 892 and may be subject to withholding. Do not complete Form W-8EXP for such income. Instead, complete Form W-8BEN-E or W-8ECI. If “No,” answer question 4.)

4

Does the foreign government or foreign central bank of issue (wholly owned by the foreign sovereign) receive income directly
or indirectly from any controlled commercial entities or income derived from the disposition of any interest in a controlled
commercial entity (see Definitions)?

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□

(If “Yes,” income is not exempt from tax under section 892 and may be subject to withholding. Do not complete Form W-8EXP for such income. Instead, complete Form W-8BEN-E or W-8ECI. If “No,” answer question 5.)

5

Is any of the income received by the foreign government or foreign central bank of issue (wholly owned by the foreign sovereign)
from sources other than investments in the United States in stocks, bonds, other domestic securities (as defined in Temporary
Regulations section 1.892-3T(a)(3)), financial instruments held in the execution of governmental financial or monetary policy
(as defined in Temporary Regulations section 1.892-3T(a)(4) and (a)(5)), or interest on deposits in banks in the United States?

□

□

(If “Yes,” income is not exempt from tax under section 892 and may be subject to withholding. Do not complete Form W-8EXP for such income. Instead, complete Form W-8BEN-E or W-8ECI. If “No,” check the appropriate box on line 10 of Form W-8EXP.)

INTERNATIONAL ORGANIZATION

Yes

No

6

Is the international organization an organization in which the United States participates pursuant to any treaty or under
an Act of Congress authorizing such participation and to which the President of the United States has issued an Executive
Order entitling the organization to enjoy the privileges, exemptions, and immunities provided under the International Organization
Immunities Act (22 U.S.C. 288, 288e, 288f)?

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□

(If “Yes,” check the box on line 11 of Form W-8EXP. If “No,” income may be subject to withholding. Do not complete this form for such income. Instead, complete Form W-8BEN-E or W-8ECI.)

FOREIGN CENTRAL BANK OF ISSUE

Yes

No

7

a

Is the entity, whether wholly or partially owned by the foreign sovereign, a foreign central bank of issue?

□

□

(If “Yes,” answer question 7b. If “No,” income is not exempt from tax under section 895 and may be subject to withholding. Do not complete Form W-8EXP for such income. Instead, complete Form W-8BEN-E or W-8ECI.)

b

Is the income received by the foreign central bank of issue from sources other than obligations of the United States (or any
agency or instrumentality thereof) or from interest on deposits with persons carrying on the banking business?

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□

(If “Yes,” income is not exempt from tax under section 895 and may be subject to withholding. Do not complete Form W-8EXP for such income. Instead, complete Form W-8BEN-E or W-8ECI. If “No,” answer question 7c.)

c

Are the obligations of the United States (or any agency or instrumentality thereof) or bank deposits owned by the foreign
central bank of issue held for, or used in connection with, the conduct of commercial banking functions or other commercial
activities by the foreign central bank of issue?

□

□

(If “Yes,” income is not exempt from tax under section 895 and may be subject to withholding. Do not complete Form W-8EXP for such income. Instead, complete Form W-8BEN-E or W-8ECI. If “No,” check the box on line 12 of Form W-8EXP.)